Viper Energy Partners LP (VNOM) Shares Down 3.8%
Viper Energy Partners LP (NASDAQ:VNOM) shares traded down 3.8% on Tuesday . The stock traded as low as $17.25 and last traded at $17.36, with a volume of 62,031 shares traded. The stock had previously closed at $18.04.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Viper Energy Partners from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, July 19th. Simmons restated an “overweight” rating and set a $22.00 price target on shares of Viper Energy Partners in a report on Monday, July 11th. Piper Jaffray Cos. assumed coverage on shares of Viper Energy Partners in a report on Monday, July 11th. They set an “overweight” rating and a $22.00 price target on the stock. Finally, Sterne Agee CRT restated a “neutral” rating on shares of Viper Energy Partners in a report on Monday, May 16th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Viper Energy Partners has an average rating of “Buy” and a consensus target price of $20.11.
The company’s 50 day moving average price is $18.82 and its 200 day moving average price is $17.17. The firm’s market cap is $1.36 billion.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.32. On average, equities analysts predict that Viper Energy Partners LP will post $0.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Monday, August 15th will be paid a $0.189 dividend. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 4.43%.
A hedge fund recently raised its stake in Viper Energy Partners stock. Boston Partners boosted its position in shares of Viper Energy Partners LP (NASDAQ:VNOM) by 27.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 935,532 shares of the company’s stock after buying an additional 202,709 shares during the period. Boston Partners owned 1.17% of Viper Energy Partners worth $13,060,000 at the end of the most recent quarter.
Viper Energy Partners LP is a limited partnership that owns, acquires and exploits oil and natural gas properties in North America. The Company’s assets consist of mineral interests in oil and natural gas properties in the Permian Basin in West Texas, which consists of approximately 85,000 square miles centered on Midland, Texas.
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